Main Navigation

Sub Navigation

News

Current News

Standard & Poors Global (S&P) in its ratings assessment of the Bank of South Pacific Limited (BSP) released on 30 April 2018, maintained BSP's stand-alone credit profile of 'b+', which is an endorsement of BSP's strong underlying performance. However, as a consequence of S&P's lowering of Papua New Guinea's (PNG) sovereign rating to 'B', BSP's overall credit rating was also lowered to 'B'. S&P's rationale for BSP's overall 'B' rating reflects its view that BSP is exposed to PNG's economic and operating conditions, with S&P's rating for PNG being 'B'.